09
Jun
14:52
Coking coal benchmark system could be scrapped: Roper
Spot price volatility may bring an end to the fixed benchmark system for hard coking coal settlements, according to Macquarie commodities strategist Ian Roper. However, although Japan’s Nippon Steel is pushing increasingly for index pricing, some miners and steelmakers are keen to stick with the benchmark system.
Last year coking coal prices went up to $300/tonne because Beijing decided to shut down swathes of coal capacity, which caused a supply shortage.…
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Anonymous
Very good overview of the weekly steel market.
Anonymous